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Rules are a missed opportunity – AITC

The Association of Investment Trust Companies has branded the depolarisation rules a missed opportunity.
The trade body believes that the FSA has missed out on a chance to unbundle the cost of advice from the cost of a product.
It wanted to see a regime where advisers could be transparent about their costs since they were not tied to the product in any way.
AITC communications director Annabel Brodie-Smith says: “What this is all about is distribution and how effectively products are sold.
“That is not always in the best interests of the consumer. By making the cost of advice separate you could have increased the quality of advice.”


A consumer’s view

The almost wilful refusal of the vast majority of the public to learn about and take an interest in their financial aff-airs must be a continuing cause for concern for IFAs who have to advise them, and the regulator, charged with the unenviable task of educating the general public about money matters.

Steve Bee on Pensions

I am starting to think that people like me in our industry have spent too much of our time concentrating on the way the new pension legislation will impact on the higher-paid people in the UK workforce and not enough time on how the new tax rules will complicate the lives of average pension savers and pension scheme members.

Help, I’ve been appointed as a trustee. What are my responsibilities?

Graeme Robb, Technical Manager at Prudential looks at the key duties and responsibilities of a trustee.  This article will consider the following: Duties to be performed on appointment Investment duties Protecting the interests of beneficiaries Keeping accounts and records Distributing property to beneficiaries Duties to be performed on appointment Obtain a copy of the trust […]


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